Kalana Ispat IPO vs TechEra Engineering IPO

Comparision between Kalana Ispat IPO and TechEra Engineering IPO.

IPO Details

Kalana Ispat IPO is a SME Book Built Issue IPO proposed to list at NSE SME while TechEra Engineering IPO is a SME Book Built Issue proposed to list at NSE SME.

	Kalana Ispat IPO	TechEra Engineering IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Jawa Capital Services Private Limited	SKI Capital Services Limited
Registrar	Skyline Financial Services Private Ltd	Kfin Technologies Limited
Market Maker	Aftertrade Broking Pvt Ltd	SKI Capital Services Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Kalana Ispat IPO is up to ₹32.59 Cr whereas the issue size of the TechEra Engineering IPO is up to ₹35.90 Cr. The final issue price of Kalana Ispat IPO is ₹66.00 per share and of TechEra Engineering IPO is ₹82.00 per share.

	Kalana Ispat IPO	TechEra Engineering IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹75.00 per share
Issue Price (Upper)		₹82.00 per share
Issue Price (Final)	₹66.00 per share	₹82.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	49,38,000 shares	43,77,600 shares
Fresh Issue Size (Amount)	up to ₹32.59 Cr	up to ₹35.90 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	49,38,000 shares	43,77,600 shares
Issue Size Total (Amount)	up to ₹32.59 Cr	up to ₹35.90 Cr

IPO Timetable

Kalana Ispat IPO opens on Sep 19, 2024, while TechEra Engineering IPO opens on Sep 25, 2024. The closing date of Kalana Ispat IPO and TechEra Engineering IPO is Sep 23, 2024, and Sep 27, 2024, respectively.

	Kalana Ispat IPO	TechEra Engineering IPO
Anchor Bid Date		Sep 24, 2024
Issue Open	Sep 19, 2024	Sep 25, 2024
Issue Close	Sep 23, 2024	Sep 27, 2024
Basis Of Allotment (Tentative)	Sep 24, 2024	Sep 30, 2024
Initiation of Refunds (Tentative)	Sep 25, 2024	Oct 01, 2024
Credit of Share (Tentative)	Sep 25, 2024	Oct 01, 2024
Listing date (Tentative)	Sep 26, 2024	Oct 03, 2024
Anchor Lockin End date 1		Oct 30, 2024
Anchor Lockin End date 2		Dec 29, 2024

Financials

Kalana Ispat IPO P/E ratio is 22.59, as compared to TechEra Engineering IPO P/E ratio of 20.65.

Kalana Ispat IPO

TechEra Engineering IPO

Financial

Kalana Ispat Limited Financial Information (Restated Standalone)

Kalana Ispat Limited's revenue decreased by -11% and profit after tax (PAT) rose by 373% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,885.71	1,617.46	1,264.89	1,330.7
Revenue	7,394.46	8,335.87	5,793.32	4,298.06
Profit After Tax	236.7	50.09	13.66	13.62
Net Worth	1,081.58	441.94	391.65	376.19
Reserves and Surplus	271.46	339.7	289.61	275.95
Total Borrowing	461.38	861.79	260.57	262.93
Amount in ₹ Lakhs

TechEra Engineering LImited Financial Information (Restated)

TechEra Engineering LImited's revenue increased by 47% and profit after tax (PAT) rose by 270% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	37.24	39.21	21.36
Revenue	39.08	26.59	7.37
Profit After Tax	4.82	1.31	-6.29
Net Worth	15.9	11.08	9.78
Reserves and Surplus	3.76	-2.72	-4.02
Total Borrowing	14.3	13.77	8.87
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

82.72%

57.48%

Promoter Shareholding (Post-Issue)

51.38%

P/E Ratio

22.59

20.65

Market Cap

₹86.08 Cr.

₹135.47 Cr.

ROE

31.12%%

30.33%%

ROCE

21.20%%

23..47%%

Debt/Equity

0.43

0.9

EPS

₹2.92

₹3.97

RoNW

21.88%%

30.33%%

Shares Offered

In the Kalana Ispat IPO retail investors (RII) are offered 23,45,000 shares while in TechEra Engineering IPO retail investors are offered 23,45,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Kalana Ispat IPO and 8,32,000 shares in TechEra Engineering IPO.

	Kalana Ispat IPO	TechEra Engineering IPO
Anchor Investor Reserveration		12,46,400 shares
Market Maker Reserveration	2,48,000 shares	2,19,200 shares
QIB	0 shares	8,32,000 shares
NII	23,45,000 shares	6,24,000 shares
RII	23,45,000 shares	14,56,000 shares
Employee	0 shares	0 shares
Others
Total	46,90,000 shares	29,12,000 shares

Bids Received (Subscription)

Kalana Ispat IPO subscribed 59.92x in total, whereas TechEra Engineering IPO subscribed 69.80x.

	Kalana Ispat IPO	TechEra Engineering IPO
QIB (times)		31.22x
NII (times)	40.69x	128.88x
Big NII (times)
Small NII (times)
RII (times)	74.54x	66.52x
Employee (times)
Other (times)
Total (times)	59.92x	69.80x

Compare with others

Kalana Ispat IPO	TechEra Engineering IPO
Saj Hotels IPO	Forge Auto International IPO
Thinking Hats Entertainment Solutions IPO	Sahasra Electronics Solutions IPO
Unilex Colours and Chemicals IPO	Saj Hotels IPO
TechEra Engineering IPO	Thinking Hats Entertainment Solutions IPO
Divyadhan Recycling Industries IPO	Unilex Colours and Chemicals IPO
Avi Ansh Textile IPO	Divyadhan Recycling Industries IPO
Rappid Valves (India) IPO	Kalana Ispat IPO
Phoenix Overseas IPO	Avi Ansh Textile IPO
WOL 3D IPO	Rappid Valves (India) IPO
SD Retail IPO	Phoenix Overseas IPO

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